Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-10-25-Speech-2-028-000"
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"en.20111025.5.2-028-000"2
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"Madam President, by coordinating Member States’ economic and social policies, the European Semester marks an important step towards introducing sound European economic governance. Fiscal policy must be a joint action area from now on at EU level. At the same time, the national reform programmes and stability and convergence programmes cannot fail to include requirements for stimulating economic growth and investment, guaranteeing a high level of education to all European citizens, providing social protection and creating jobs. In this regard, the annual recommendations made to both Member States and the EU must be sufficiently ambitious to enable the targets set by the Europe 2020 strategy to be met.
Following this first exercise in implementing the European Semester, the Commission will have to analyse the main problems the EU and Member States are facing and propose clear guidelines for reducing the macro-economic imbalances and stimulating balanced economic growth. I also think, as do other colleagues, that the European Semester can only be improved by fully complying with the powers granted to the European Parliament, in accordance with the Treaty on the Functioning of the European Union, and by fully involving Parliament in the process of drawing up the recommendations."@en1
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